Hudbay Minerals Inc.

Built World

Approved the Copper World project in Arizona

Freeport-McMoRan's board approved a $4.5 billion expansion of its Bagdad mine in northwest Arizona on November 4, 2026. The project would more than double mining and milling rates, lifting long-term copper output above 400 million pounds a year and molybdenum above 20 million pounds.

Updated 4 days ago

Money Moves

70% owner and operator of Copper World; construction approved

Hudbay Minerals and Mitsubishi Corporation approved construction of the Copper World copper mine southeast of Tucson on Oct. 21, committing $2.07 billion in initial capital. First production is targeted for the second half of 2029, and Hudbay says it plans to start building by the end of 2026.

Updated Oct 25